The changing residential demand and the increasing awareness about energy efficiency has prompted durable companies to introduce air conditioners with newer capacities. Though the 1.5 tonne air conditioners are expected to be the conventional volume drivers, the models with capacity of one tonne and below are estimated to grow at a faster pace.
The company aims to recruit 10,000 people by the end of this year as a part of its branding strategy to focus on service and move away from discounting. In the initial phase the company has entered into agreements with ITIs in the states like Maharashtra, Gujarat, Delhi, Punjab, Assam, Karnataka and is in the last leg of signing with Uttar Pradesh.
Manoj Kumar, CEO, e-Zone and Electronics Bazaar, said,"The Mega e-Zone, measuring 25,000 sq ft and above in area, is being developed as a destination store for electronics purchase. The store will offer seamless space for brands to retail their own merchandise."
Bose Corp has decided to enter the auto parts sector, with suspension systems for luxury cars.
Off-season sales, when shopping malls and high streets buzz with tempting offers of up to 70 per cent discounts on your favourite brand of shirts, jeans or even home textiles
Godrej appliances is targeting to become the third largest player in the air conditioner market.
The voice operations (call centres) of IT-BPO firms -- which comprise around 20-30 per cent of most firms in India -- will be the most affected since the International Private Leased Circuits are down.
The World Gold Council initiates micro-finance scheme to promote investments by low-income groups.
Indian jewellery firms are increasingly showing interest in the international market and are planning to venture into luxury lifestyle products.
The slowdown in the world's largest jewellery market could provide an opportunity for acquisitions. Following the acquisitions of two jewellery chains in the US, Samuel Jewels in December 2006 and Rogers in November 2007, Gitanjali Gems is eyeing a few more buyouts in the world's largest jewellery market.
Consumer finance schemes and credit card purchases are gradually enjoying a greater share in the sale of consumer durables.
Apparel makers are hopefully eyeing the Indian womenswear and lingerie market in the New Year.
If you search for Benazir Bhutto on the Net, chances are that you would reach a malicious website that will steal your money and personal details stored on the computer and may even crash the system. All this if you do not have a genuine anti-virus installed on the PC.
The Rajasthan State Industrial Development & Investment Corporation (RIICO) is going all out to woo textile firms to set up shop at its proposed garment zone in Bhilwara.
Reliance Brands, a subsidiary of Reliance Retail, will focus on brand partnerships and creating brand portfolios to make its presence felt in the Indian branded apparel sector.
Raymond, the Singhania family-controlled textile and apparel manufacturer, had slapped a notice against the city-based footwear retailer for showing a man wearing suit with a tagline The Incomplete Man. In a letter written to ASCI, Raymond had pointed out that the company has been using the tagline for several decades and it is inseparable from its brand.
Metro's print advertisement campaign shows a man in a suit without wearing shoes, and the tagline says 'The Incomplete Man'. The print campaign was released in a leading media publication.
Currently, Reliance outsources a bulk of the apparel needs of its three Vimal sub-brands, Black, White and Red. But, it is keen on establishing a manufacturing base for specialised garments such as suits and jackets. The new facility is likely to come up in south India in the next 6-9 months, said Reliance executives. However, the capacity details of the facility will be divulged later.
Gitanjali Gems is close to acquiring a US-based jewellery retail chain with sales of about $100 million. The deal, if it goes through, would be the company's second acquisition in the world's largest jewellery market. Though the deal size and name of the company could not be ascertained, sources said that the acquisition is expected to be completed in 30 days.
The company has reportedly entered into a sourcing agreement with Rosy Blue, one of the largest jewellery manufacturers, for operations. The jewellery foray is part of the company's lifestyle retail, which includes books and music, cosmetics, lifestyle accessories and home solutions.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances